212                               LAWS OF MARYLAND                        [CH. 103

renewal area, or any combination or part thereof in accordance with
an urban renewal plan. Such undertakings and activities may in-
clude—

(1) acquisition of a slum area or a blighted area or portion thereof;

(2)  demolition and removal of buildings and improvements;

(3)  installation, construction or reconstruction of streets, utilities,
parks, playgrounds, and other improvements necessary for carrying
out in the urban renewal area the urban renewal objectives of this
sub-heading in accordance with the urban renewal plan;

(4) disposition of any property acquired in the urban renewal
area including sale, initial leasing or retention by the municipality
itself, at its fair value for uses in accordance with the urban renewal
plan;

(5)  carrying out plans for a program of voluntary or compulsory
repair and rehabilitation of buildings or other improvements in ac-
cordance with the urban renewal plan;

(6)  acquisition of any other real property in the urban renewal
area where necessary to eliminate unhealthful, unsanitary or unsafe
conditions, lessen density, eliminate obsolete or other uses detrimen-
tal to the public welfare, or otherwise to remove or prevent the spread
of blight or deterioration, or to provide land for needed public facili-
ties; and

(7)  the preservation, improvement or embellishment of historic
structures or monuments.

(f) "Urban Renewal Area" shall mean a slum area or a blighted
area or a combination thereof which the municipality designates as
appropriate for an urban renewal project.

(g) "Urban Renewal Plan" shall mean a plan, as it exists from
time to time, for an urban renewal project, which plan shall be suf-
ficiently complete to indicate such land acquisition, demolition and
removal of structures, redevelopment, improvements, and rehabilita-
tion as may be proposed to be carried out in the urban renewal area,
zoning and planning changes, if any, land uses, maximum density
and building requirements.

(h) "Bonds" shall mean any bonds (including refunding bonds),
notes, interim certificates, certificates of indebtedness, debentures or
other obligations.

(i) "Person" shall mean any individual, firm, partnership, corpor-
ation, company, association, joint stock association, or body politic;
and shall include any trustee, receiver, assignee, or other person act-
ing in similar representative capacity.

(j) "Municipality" shall mean the Mayor and City Council of
Ocean City.

2. Powers.

The municipality is hereby authorized and empowered to carry out
urban renewal projects which shall be limited to slum clearance in
slum or blighted areas and redevelopment or the rehabilitation of
slum or blighted areas; to acquire in connection with such projects,
within the corporate limits of the municipality, land and property of
every kind and any right, interest, franchise, easement or privilege